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Chapter 14 ■ Defining FI Accounts Receivable and Accounts Payable
These settings allow the system to automatically propose the document type during document entry.
Click the Enter button on the top-left side of the screen and save your work.
Defining Tax Code per Transaction
The settings in the Define Tax Code per Transaction section allow you to select a subset from the tax codes.
As part of this definition, you specify tax code per transaction and per country key and then you can select
a subset from defined tax codes in the system during document entry. To define a tax code per transaction,
follow this menu path: IMG: Financial Accounting (New) ➤ Account Receivable and Accounts Payable ➤
Business Transaction ➤ Incoming Invoices/Credit Memos ➤ Incoming Invoices/Credit Memos ➤ Enjoy ➤
Define Tax Code per Transaction. Or use transaction code OBZT.
The Country Entry dialog box pops up. Enter your Country key (GB in this exercise) in the Country
Key field and click the Enter button to confirm. The Change View “Tax Code Selection Transactions”
Overview screen is displayed. To specify the tax code per transaction, click the
button on the topleft
side of the screen (Figure 14-14).
Figure 14-14. Specifying a tax code per transaction
Update the following fields:
Tax Code: Enter your output tax code in the first field and your input tax code in
the next field.
Transaction: Enter the appropriate transaction for your tax codes. For example,
for Output Tax, select Financial Accounting Invoice Receipt and for Input Tax,
select Financial Accounting Outgoing Invoice.
Click the Enter button on the top-left side of the screen and then save your work.
■■Note
a2 is the tax code for output tax (Financial Accounting for outgoing invoice) and B2 is the tax code for
input tax (Financial Accounting for Incoming Receipt).
In the next exercise, you will define accounts for a net procedure for cash discount clearing.
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